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Strategies & Market Trends : A Simple List of General Do's & Dont's of Trading: -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Tang who wrote (507)1/25/1998 9:09:00 AM
From: Arthur Tang  Respond to of 769
 
On Island system limit order listing, Datek (internet broker)reserves the right to fill it themselves. Which means the order never goes out to any other traders or market makers except their clearing house. That action keeps the money in house. It is a business decision that every brokerage keeps as well whenever possible.



To: Arthur Tang who wrote (507)1/25/1998 1:35:00 PM
From: Mike McFarland  Read Replies (1) | Respond to of 769
 
Question: In what cases is it possible to set
a limit order under the offered price, and
hope to get it? I never seem to get my price
unless the stock simply drops through my
limit...in which case I always seem
to get it.

I recently screwed myself by not getting a
stock at 13/16...last trade 25/32...offered
at 29/32. The extra 1/8th seems like a lot
to pay some market maker for a one dollar
stock.


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